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Stocks - Wall Street Flat as High-Level U.S.-China Trade Talks Begin 

Stock Markets Oct 10, 2019 09:46AM ET
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Investing.com – Wall Street was flat on Thursday as high-level trade talks kicked off in Washington, as the U.S. and China attempt to work towards a deal.

The Dow rose 17 points or 0.1% by 9:44 AM ET (13:44 GMT), while the S&P 500 was up 2 points or 0.1% and the Nasdaq composite gained 10 points or 0.1%.

Uncertainty remains as investors received mixed signals about what, if any, progress has been made between the two largest economies in the world.

Sentiment dampened earlier after the South China Morning Post reported that no progress has been made in deputy-level trade talks that occurred before high-level ones on Thursday, which it said will last only one day instead of the two days originally scheduled.

They then ticked up again as President Donald Trump chimed in on Twitter.

Bloomberg had previously reported that the U.S. was considering a currency pact with China. Meanwhile China has also urged the U.S. to stop putting pressure on Chinese companies, following a White House decision to blacklist eight further tech companies in China this week.

Delta Air Lines (NYSE:DAL) fell 4.4%, as its third-quarter revenue came in below forecasts. Pacific Gas & Electric tumbled 30.8% after a judge ruled that a rival bankruptcy plan from Elliott Management and other bondholders should be considered instead of its chapter 11 plan.

Elsewhere, Costco (NASDAQ:COST) rose 0.3% after reporting a rise in its comparable-store sales in September, while Apple (NASDAQ:AAPL) inched up 0.4% on an analyst upgrade.

In commodities, the U.S. dollar index, which measures the greenback against a basket of six major currencies, was down 0.1% to 98.725 and gold futures rose 0.5% to $1,511.75 a troy ounce. Crude oil futures jumped 1.5% to $53.44 a barrel.

Stocks - Wall Street Flat as High-Level U.S.-China Trade Talks Begin 
 

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Comments (6)
Aaron Last Name
Aaron Last Name Oct 10, 2019 2:35PM ET
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plunge protection team was on duty
Charles Kao
ckao Oct 10, 2019 12:39PM ET
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Market becomes a hostage of trade talk.  I don't know any analysis tool can help me to sort out the outcome.
Robert Tew
Robert Tew Oct 10, 2019 11:34AM ET
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media company coming qr should be great !
Luu Hung
Luu Hung Oct 10, 2019 11:21AM ET
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Flat my ****lol
eddie smith
eddie smith Oct 10, 2019 11:21AM ET
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well flat according to the democrats, unless you want to give obama credit for the move today
Rico Su
Rico Su Oct 10, 2019 11:21AM ET
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Nobody seems to be updating anything on this website today
shaikh uzaif
shaikh uzaif Oct 10, 2019 10:56AM ET
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Trump triggergold buy soon tgt 1535
eddie smith
eddie smith Oct 10, 2019 10:33AM ET
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what a surprise, another day just wasting every body's time with a headline about trade talks... we get it, trade talks have been happening for years. this is worse than the years of hearing nothing but Trump-Russia collusion talk on the news. too many 24/7 news outlets, not enough news. just non-stop fabricated news.
 
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